This is the first major case of a big company raising red flag against any provision of the proposed GST which is as such stuck in the political deadlock.

Reiterating that India is one of its important markets, the company said, "The Coca-Cola Company believes in India and identifies it as one of its strategic growth markets. The Coca-Cola system in India has already invested more than USD 2.5 billion...Our system is on course to invest another USD 5 billion in India by the end of 2020."

Last week, a panel headed by Arvind Subramanian had recommended a three-rate goods and services tax (GST) structure of 12–17/18 – 40 percent, the last category being for products like tobacco and luxury cars.